55546 Federal Register / Vol. 71, No. 184 / Friday, September 22, 2006 / Notices 

consumer revokes it in writing or, if the 

consumer agrees, electronically. When a 

customer relationship terminates, the 

customer’s opt out direction continues 

to apply. 

The OCC issued part 40, including the 

consumer opt-out provisions, in 2000 to 

implement new requirements imposed 

by the Gramm-Leach-Bliley Act. At the 

time part 40 was promulgated, the OCC 

used nominal burden estimates. Because 

the requirements were new, both the 

OCC and national banks lacked 

experience concerning how institutions 

would comply with the opt-out 

requirements and the extent to which 

consumers would exercise their ability 

to opt out. The OCC is now revisiting its 

estimates to determine how they could 

be made more accurate. 

The OCC does not require its 

institutions to report the percentage of 

consumers choosing to opt out. Absent 

this information, we estimate that 

between 2% and 12% of consumers 

with new mortgages or credit cards and 

1% of consumers with deposit accounts 

under $100,000 will opt out under part 

40. While we understand that an 

increase in the number of consumers 

opting out is likely to increase the 

burden on the industry due to the 

processing time associated with the 

additional opt outs, we have not 

adjusted our burden estimates for the 

industry because we do not have 

reliable figures about the rate of opt 

outs. 

Therefore, we estimate that between 3 

and 17.9 million consumers will opt 

out. Our estimates set forth in this 

notice reflect the midpoint of 9 million. 

We invite comment on our estimates for 

both consumers and the industry and 

welcome any other information—

particularly information about 

consumer opt-out rates—that might 

assist us in making them more accurate. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Businesses or other 

for-profit; individuals. 

Estimated Annual Number of 

Institution Respondents: Initial Notice, 

118; Annual Notice and Change in 

Terms, 1,960; Opt-out Notice, 371. 

Estimated Average Time Per Response 

Per Institution: Initial Notice, 80 hours; 

Annual Notice and Change in Terms, 8 

hours; Opt-out Notice, 8 hours. 

Estimated Subtotal Annual Burden 

Hours for Institutions: 28,088 hours. 

Estimated Annual Number of 

Consumer Respondents: 9,000,000. 

Estimated Average Time Per 

Consumer Response: 0.25 hours. 

Estimated Subtotal Annual Burden 

Hours for Consumers: 2,250,000 hours. 

Estimated Total Annual Burden 

Hours: 2,278,088 hours. 

Comments submitted in response to 

this notice will be summarized and 

included in the request for OMB 

approval. All comments will become a 

matter of public record. Comments are 

invited on: 

(a) Whether the collection of 

information is necessary for the proper 

performance of the functions of the 

agency, including whether the 

information has practical utility; 

(b) The accuracy of the agency’s 

estimate of the burden of the collection 

of information; 

(c) Ways to enhance the quality, 

utility, and clarity of the information to 

be collected; 

(d) Ways to minimize the burden of 

the collection on respondents, including 

through the use of automated collection 

techniques or other forms of information 

technology; and 

(e) Estimates of capital or startup costs 

and costs of operation, maintenance, 

and purchase of services to provide 

information. 

Dated: September 19, 2006. 

Stuart Feldstein, 

Assistant Director, Legislative and Regulatory 

Activities Division. 

[FR Doc. 06–8154 Filed 9–21–06; 8:45 am] 

BILLING CODE 4810–33–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Collection; Comment 

Request for Notice 2006–XX 

AGENCY: Internal Revenue Service (IRS), 

Treasury. 

ACTION: Notice and request for 

comments. 

SUMMARY: The Department of the 

Treasury, as part of its continuing effort 

to reduce paperwork and respondent 

burden, invites the general public and 

other Federal agencies to take this 

opportunity to comment on proposed 

and/or continuing information 

collections, as required by the 

Paperwork Reduction Act of 1995, 

Public Law 104–13 (44 U.S.C. 

3506(c)(2)(A)). Currently, the IRS is 

soliciting comments concerning Notice 

2006–XX, Fuel Cell Motor Vehicle 

Credit. 

DATES: Written comments should be 

received on or before November 21, 

2006 to be assured of consideration. 

ADDRESSES: Direct all written comments 

to Joseph R. Durbala, Internal Revenue 

Service, room 6516, 1111 Constitution 

Avenue, NW., Washington, DC 20224. 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information or 

copies of the form and instructions 

should be directed to Larnice Mack, 

(202) 622–3179, at Internal Revenue 

Service, room 6516, 1111 Constitution 

Avenue, NW., Washington, DC 20224, 

or through the Internet at 

(Larnice.Mack@irs.gov). 

SUPPLEMENTARY INFORMATION: 

Title: Fuel Cell Motor Vehicle Credit. 

OMB Number: 1545–2028. 

Form Number: Notice 2006–XX. 

Abstract: This Notice will be used to 

determine whether the vehicle for 

which the credit is claimed under § 30B 

by a taxpayer is property that qualifies 

for the credit. The collection of 

information is required to obtain a 

benefit. The likely respondents are 

corporations and partnerships. 

Current Actions: There is no change 

in the paperwork burden previously 

approved by OMB. This form is being 

submitted for renewal purposes only. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Individuals and 

Households, Businesses and other forprofit organizations. 

Estimated Number of Respondents: 7. 

Estimated Time per Respondent: 40 

hours. 

Estimated Total Annual Burden 

Hours: 280. 

The following paragraph applies to all 

of the collections of information covered 

by this notice: 

An agency may not conduct or 

sponsor, and a person is not required to 

respond to, a collection of information 

unless the collection of information 

displays a valid OMB control number. 

Books or records relating to a collection 

of information must be retained as long 

as their contents may become material 

in the administration of any internal 

revenue law. Generally, tax returns and 

tax return information are confidential, 

as required by 26 U.S.C. 6103. 

Request for Comments: Comments 

submitted in response to this notice will 

be summarized and/or included in the 

request for OMB approval. All 

comments will become a matter of 

public record. Comments are invited on: 

(a) Whether the collection of 

information is necessary for the proper 

performance of the functions of the 

agency, including whether the 

information shall have practical utility; 

(b) the accuracy of the agency’s estimate 

of the burden of the collection of 

information; (c) ways to enhance the 

quality, utility, and clarity of the 

information to be collected; (d) ways to 

minimize the burden of the collection of 

information on respondents, including 


sroberts on PROD1PC70 with NOTICES
Federal Register / Vol. 71, No. 184 / Friday, September 22, 2006 / Notices 55547 

through the use of automated collection 

techniques or other forms of information 

technology; and (e) estimates of capital 

or start-up costs and costs of operation, 

maintenance, and purchase of services 

to provide information. 

Approved: September 13, 2006. 

Larnice Mack, 

IRS Reports Clearance Officer. 

[FR Doc. 06–8007 Filed 9–21–06; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Office of Thrift Supervision 

Submission for OMB Review; 

Comment Request—Fiduciary Powers 

of Federal Savings Associations 

AGENCY: Office of Thrift Supervision 

(OTS), Treasury. 

ACTION: Notice and request for comment. 

SUMMARY: In accordance with the 

requirements of the Paperwork 

Reduction Act of 1995 (44 U.S.C. 3507), 

OTS may not conduct or sponsor, and 

the respondent is not required to 

respond to, an information collection 

unless it displays a currently valid OMB 

control number. Today, OTS is 

submitting proposed revisions to this 

collection of information to OMB for 

review and approval. 

DATES: Submit written comments on or 

before October 23, 2006. 

ADDRESSES: Send comments, referring to 

the collection by title of the collection 

or by OMB approval number, to OMB 

and OTS at these addresses: Office of 

Information and Regulatory Affairs, 

Attention: Desk Officer for OTS, U.S. 

Office of Management and Budget, 725–

17th Street, NW., Room 10235, 

Washington, DC 20503, or by fax to 

(202) 395–6974; and Information 

Collection Comments, Chief Counsel’s 

Office, Office of Thrift Supervision, 

1700 G Street, NW., Washington, DC 

20552, by fax to (202) 906–6518, or by 

e-mail to 

infocollection.comments@ots.treas.gov. 

OTS will post comments and the related 

index on the OTS Internet Site at 

http://www.ots.treas.gov. In addition, 

interested persons may inspect 

comments at the Public Reading Room, 

1700 G Street, NW., by appointment. To 

make an appointment, call (202) 906–

5922, send an e-mail to 

public.info@ots.treas.gov, or send a 

facsimile transmission to (202) 906–

7755. 

FOR FURTHER INFORMATION CONTACT: For 

further information or to obtain a copy 

of the submission to OMB, please 

contact Marilyn K. Burton, OTS 

Clearance Officer, at 

marilyn.burton@ots.treas.gov, (202) 

906–6467, or facsimile number (202) 

906–6518, Litigation Division, Chief 

Counsel’s Office, Office of Thrift 

Supervision, 1700 G Street, NW., 

Washington, DC 20552. 

SUPPLEMENTARY INFORMATION: OTS may 

not conduct or sponsor, and 

respondents are not required to respond 

to, an information collection, unless the 

information collection displays a 

currently valid OMB control number. As 

part of the approval process, we invite 

comments on the following information 

collection. 

Title of Proposal: Fiduciary Powers of 

Federal Savings Associations. 

OMB Number: 1550–0037. 

Form Number: OTS Form 1240. 

Regulation requirement: 12 CFR 

550.70(a), (b), and (c); 12 CFR 550.80 

through 120; 12 CFR 550.125. 

Description: OTS must know when a 

Federal savings association is acting in 

a fiduciary capacity in order to establish 

effective oversight of those activities. 

This comment request addresses 

revisions to OTS Form 1240—

Application for Fiduciary Powers. The 

form is being revised to update the 

information OTS requires in order to 

make a determination whether to 

approve or deny an application for 

fiduciary powers. 

12 CFR 550.70(a) requires that a 

Federal savings association that wants 

to conduct fiduciary activities for the 

first time, and for which OTS has not 

previously approved an application 

submitted under this part, must obtain 

prior approval from OTS before it may 

conduct the activities. 12 CFR 550.70(b) 

requires that a Federal savings 

association that wants to conduct 

fiduciary activities that are materially 

different from the activities that OTS 

has previously approved for it, 

including fiduciary activities that OTS 

has previously approved that have not 

been exercised for at least five years, 

must obtain prior approval from OTS 

before it may conduct the activities. 12 

CFR 550.80 through 120 describe the 

process for obtaining OTS approval of 

the application for fiduciary powers. 

Instructions for filing the application are 

found at 12 CFR part 516, subpart A. 

In addition, § 550.70(c) of OTS’s 

regulations requires that a Federal 

savings association that wants to 

commence in new State fiduciary 

activities that are not materially 

different from those that OTS has 

already approved, must file a notice 

with OTS. Instructions for filing the 

notice are found at 12 CFR 550.125. 

On April 28, 2006, OTS published a 

notice of its intent to revise this 

information collection (71 FR 25281). 

No comments were received. 

Type of Review: Revision. 

Affected Public: Federal savings 

associations. 

Estimated Number of Respondents: 

Application—12 respondents; Notice—

10 respondents. 

Estimated Number of Responses: 

Application—12 respondents; Notice—

10 respondents. 

Estimated Burden Hours per 

Response: Application—27 hours; 

Notice—3 hours. 

Estimated Frequency of Response: 

Event-generated. 

Estimated Total Burden: 354 hours. 

Clearance Officer: Marilyn K. Burton, 

(202) 906–6467, Office of Thrift 

Supervision, 1700 G Street, NW., 

Washington, DC 20552. 

OMB Reviewer: Desk Officer for OTS, 

fax: (202) 395–6974, U.S. Office of 

Management and Budget, 725–17th 

Street, NW., Room 10235, Washington, 

DC 20503. 

Dated: September 18, 2006. 

Deborah Dakin, 

Senior Deputy Chief Counsel, Regulations and 

Legislation Division. 

[FR Doc. 06–7970 Filed 9–21–06; 8:45 am] 

BILLING CODE 6720–01–P 

DEPARTMENT OF VETERANS 

AFFAIRS 

Veteran’s Advisory Committee on 

Education; Amendment—Notice of 

Meeting 

The Department of Veterans Affairs 

gives notice under Public Law 92–463 

(Federal Advisory Committee Act) that 

the Veterans’ Advisory Committee on 

Education will meet on October 5–6, 

2006. The meeting will be held at VA 

Central Office, 810 Vermont Avenue, 

NW., Washington, DC in Room 530. The 

sessions will convene at 8:00 a.m. each 

day. On October 5, the session will end 

at 4 p.m., and on October 6 at 12 noon. 

The meeting is open to the public. 

The purpose of the Committee is to 

advise the Secretary of Veterans Affairs 

on the administration of education and 

training programs for veterans, 

servicepersons, reservists, and 

dependents of veterans under Chapter 

30, 32, 35, and 36 of title 38, and 

Chapter 1606 of title 10, United States 

Code. 

On October 5, the session will begin 

with opening remarks and an overview 

by Mr. James Bombard, Committee 

Chair. In addition, this session will 


sroberts on PROD1PC70 with NOTICES